Hi, Roberts Johnson with Cool Denver Homes. Interest rates are continuing to stay at their lowest levels since mortgages were introduced in the 1050’s. Just a few years ago, interest rates were at 7% and everyone thought it was such a great deal. Now they are 3.5 to 4% for a 30 year fixed loan. Well I want to show you the difference in a $200,000 loan at 7% and a $200,000 loan at 3.5%, which is half of what it was 3 or 4 years ago. A $200,000 loan at 7% is $1330.60 a month. That same loan today at 3.5%, will cost you $898.00 a month, a difference of $432.80 a month. That’s more than a car payment in savings every month.